Trade

Oil & Gas Trade

McDermott Wins Contract for LPG Spheres in Caribbean

A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.

Coal Trade

China is Virtually Alone in Backing Africa's Coal Projects

Zimbabwe has been trying to break ground on a giant coal-power complex by the world's biggest man-made reservoir.

Oil & Gas Trade

India's LNG Imports Jumped 18 % in 2019-2020

India's imports of liquefied natural gas (LNG) jumped by 18% in 2019-2020.

Wind Farm

Trump Administration Agrees to help Wind Farms with Subsidy Tweak

The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim th…

Oil & Gas Trade

U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever

The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…

Oil & Gas Trade

North American Oil Producers Cut Output Quicker Than Some Expected

OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, se…

Oil & Gas Trade

Oil Exports Fetch USD 1.4 Billion in Libya

Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.

Coal Trade

China Coal Imports in April Increase 35% from a Year Earlier

Coal imports surged 35 per cent in April from a year earlier.

Oil & Gas Trade

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals

Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.

Oil & Gas Trade

Why Russia Finally Accepted Deeper Oil Output Cuts

When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …

Oil & Gas Trade

Saudi Arabia's Oil Exports to Drop in May as Demand Slides

Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.

Oil & Gas Trade

Venezuela Oil Exports Climb As OPEC Agreement Kicks In

​While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…

Coal Trade

Coal Exit Plans on the Rise in Asia

With financial institutions and corporations stepping out of coal-fired power financing, a domino effect across other coal lending financiers in Asia is likely,…

Oil & Gas Trade

Azerbaijan's SOCAR Says BP to Cut Oil Output by 76,000 Bpd in May-June

​ Azerbaijan’s state energy company SOCAR said on Thursday that BP, which leads a number of big energy projects in the former Soviet country, will cut its oil…

Oil & Gas Trade

Belarus Buys First Oil from Saudi Arabia: Refiner Belneftekhim

Belarus, long dependent on Russian oil, has bought its first barrel of crude from Saudi Arabia.